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HomeMy WebLinkAbout1089_ ~y- 0 R ~ ~~ PAir ph:~ 3. Te p:aco a.~d conti~crously keep un thr f>uildinyt rww w fxraa(ter Ntuati on said land end on tti equipment and personally coverW by this mortg- age, with ail premiums thereon paid }n full, fire insurance in thtr usual standard polity form, In a wm approved by the MQRTGAtiEE: end wir.;istorm Inwronce :n the s;sual standard polity form, in a sum rpprovsrd by tM MORTGAGE@, In wch company or companies as the MORTGAGEE may direct; and alt fire and winasorm Inwrance polkip on any 4f saki bulldirKt, any Inhrsat tMrtin or pert thereof, in fire aggregate.tum efontai f or in excess thereof, shall conteln the usur.i standard rrwrtgapee clause or such other clause ra the Mort6agss may require, making the lou under te,d poli- cies, each and every, payable ro saki MORTGAGCE n its interest may appear, and rich and every such peitcy shall bo promptly ass.gned end delivered to any held by said MORTGAGEE n furtfHr uarriry to said mortgape debt, and, not lets stun ten (10) days in advents of the expiration of each policy, to do- fiver to saki MORTGAGEE • renewal thereof, together with a recalpt for the premium of such narrows); and theta shall be ro fire or windstorm Inwroncs pieced on any of wid buildings, any Intersat therein or part thereof, unless in the form end with the lou payable as aforesaid; and In the event any sum of money Domes p~Table under such policy or policies satd MORTGAGEE shell have the option to receive and tpply the same on account of the indebtzd- nest retuned Mreby or ro permit wid MORTGAGORS ib receive and use It or any pert thereof for other purposes, without thereby waiving or ,n p3~'- ing any equity, lien u right under w by virtue ij{ th4 rtwrtgage; and in the event said MORTGAGORS shelf for any reason fall to keep the said premises so insurtd, or fail to dallv.:r promptly any of saki peliciet of Insurance :o raid MORTGAGEE, or fail promptly to pay fully any premium therefor er in any respe4t fall to perform, discMrge, execute, affect, templets, comply with and abide by this covenant, or any pert hereof, said MURTGAGEE may pieta end pay for such insurance or any part tf»rwf without waivltsg w affecting any option, Ilan, equity, or right under w by virtue of this Alortgage, and the full amount of each and curry such payment dull bs immediately dva end payable and shall bear interest from the date thereof until paid at the rate of nine per centum per annum end together with such interest shall be secured by the lien of this mortgage. 1. To permit, Commit or suffer nn waste, Impairment ur dtaariorrfion of said property w any part thereof, • 5. To pay all ertd singvlu the costs, charges and etepenset, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any rim: by said MORTGAGEE, bacsute w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, affect, complete, comply with ar.d abide by each and every the stipulations, agreements, conditions, end covenant. of raid promissory note end this mortgage any or either, end said costs, charges and expenses, each end every, shall be immediately due and payable; whether or not there be notice der mend, attempt to collect or suit pending) and tM full amount of Lath and every tuck payment shall bear interact from the data thereof until paid et the rate of nine per cenlum per annum; and all said costt,iharges and txpensas incurred or paid, together with wch interest, shall be retuned by the lien of the mortgsgs. 6. ?'hat (a) in the event of any bree.h of this Mortgage or default on tM part of the MORTGAGOR, w (b) in the event any of said sums of money herein referred to be not promptiq end fully pall`within ihirly (30) day: next after the tame severally become d•re and payable, without demand or notice, or (c) in the event each and every the stipulstiont, agreements,-conditions end covenants of said promissory note end tn:s mortgage any or either are not duly, orwnptly and fully perfumed, discharged, execut'd, effected, completed, tomplied with and abided by, thin in either or any such event the raid erg g•egate sum mentioned in told promissory note then remaining unpaid, with interest accrued, and all mon~yt accured hereby, shall become due and pay- able forthwith, u thereafter, at the optio,s of raid MORTGAGEE, as fully end compietsly et if alt o! the said tumt of money were or,ginaliy ttipvlated to be paid on such dry, anything isi said promissory rote of in this Mutgage to the contrary notwithstanding; and thereupon o. thereafter et the option of raid MORTGAGEE, without notice or demand, tuft at law a In equity, therefore or thereafter begun, may be presecutad as if all monayt retuned hereby had matured prior ro ib institution. - 7, That in the event that at the beginning of or at any time pending any tuft upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment o/ any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver of raid mortgaged property all and singular, including all and singular the income, profits, issv~s and revenues from whatever source derived, each and every of which, it being expressly understood, is ixreby mortgaged es if specifically set forth end described in the granting and habendum clauses hereof, end such Receiver shell have sli the broad and effective functions and powers in anywise entrusted by s Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to raid MORTGAGEE, and without reference to fhe adequacy or Inadequacy of the value of the property mortgaged or to the solvency w irsoivency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues thtll be applied by such Receiver according to the lien or equity of said MOkTGAGEE and the practice of such Court. - 8. To duly, ,:romptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage let froth. 9. That in the event the ownership of the mortgaged premises, or my part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, rnay, without notice to the MORTGAOR, deal with such successor er successor in interest with reference so this mortgage and the debt hereby attuned ir. the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability hero- under or upon the debt hereby secured. Nn sale of the premises hereby mortgaged and no forbeartrce on the part cf tine !MORTGAGEE or its svci:essors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, tither in whole or in part. 10. It is specifically agreed that time it of the etaence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of print-pal and interest required by the promissory note secure] hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated b•y mortgagta tome equal to 1 f 12 of the annual cost of the follow- ing: , A-All real property taxes levied w assessed against the above described real estate. 8-Premiums on fire and windstorm insurance as herein required to be carried on the improvements t~tvate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time diem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due end payable hereunder and -uch sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IV 141TtlESS WHEREOF, t said MORTGAGOR hat hereunto let his hand and sea! the day and ear first aforesaid. Si led d 4v in the pr s ca of: Seal) r / (Seal) (Seal) - (5eaq STATE OF FLORIDA SS. COUNTY OF 5~ s LUC ~ P Before ms personally appeared sT~`r3enh '1~1~ ATs and _',.,~~*ATxc~t r ~ t•7~~gn nl tit '.f1 ~!'-i' _ his wife, to me well kno•+in and known to ma to be the individveit desuibed in and who executed the foregoing instrument end acknowledged before mu that they executed the same for the purposes therein expressed. And the teld~ 1'~A T'~8.2.'~+-~' i t' ~ ~R 73T1L~.Q~-'~1~1 t+~{ ~ l Pr wife of the said •7 PTs _ upon a separate end private examination by ms token separate end apart nom her raid husband, acknowledged to and ctfor~ me Chet she executed said instrument freely and volvn- rarily end without any compulsiorS, constraint, epprehantiory~or fear of w from her said husband. ~~ W'TNESS my htnd end official teal this 7i ~ ~ day of-- ~ _, A. 4. T9 '~ Y -w • - ' Notary Public in fo he State of, rids st largo ` ctrl"'rrrr~r' My Commission xpir •~ .~~~\ •- °.; ~',~Rt{~,r~Tpt -1.10~~a~ #ltary ~ ic, State of flord• at lup~ -.•~• jirit•T'e~ettll'Sayfr~{'~`, torn Association My Commiss~n Expires Jan. 24, 1166 - gf Fprt rTSrte. FlLE AN E~0 ,~:~ ~y ~,~~„a For. ~ ~..~.:,, ca, • ~'~ Fort PtercF,'sfle'Jida •~' e - ~ ~ , ~ ~~~~ ~E~ ic~a ~cor ~O~K JN ...r..,rr;. _. .,.,. , ~ ~ 1961 NOY 23 Phi 2: 4~ - `c,°`~~j'!~%'~y _ • ~ ~ - - ROGERPOITRAS r, ~ ' - ~ •~_ , ST LUCiE COUNT'( FLORIDA •~ ' ~ ,~1`: , , 4 "• ' -r-~-- •-~- ~~ R